Share price of JP Power: Following a notable increase over the previous two trading sessions, shares of Jaiprakash Power Ventures (JP Power) reversed direction on Friday, November 21.
Due to profit-taking and large counter volumes, JP Power's share price dropped as much as 8.5% to the day's low of ₹19.79 on the BSE.
After the Adani group defeated Vedanta to secure the approval of Jaiprakash Associates' (JAL) creditors for its ₹14,535-crore takeover plan for the insolvent infrastructure business, the scrip saw a 29% increase over the previous two days.
"The Committee of Creditors (COC) of Jaiprakash Associates Limited (JAL), a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC), has approved the Resolution Plan submitted by Adani Enterprises Limited (AEL)," the company belonging to the Adani group said in a stock exchange announcement.
It also stated that Adani received the highest number of votes from creditors—89%—followed by Dalmia Cement (Bharat) and Vedanta Group.
AEL stated that it received a Letter of Intent (LOI) from the Resolution Professional (RP) on November 19, 2025, but it did not reveal the bid's financial information.
It also stated that Adani received the highest number of votes from creditors—89%—followed by Dalmia Cement (Bharat) and Vedanta Group.
AEL stated that it received a Letter of Intent (LOI) from the Resolution Professional (RP) on November 19, 2025, but it did not reveal the bid's financial information.
The markets expected that a successful settlement with a financially sound sponsor like Adani may unleash considerable value for JP Power's underlying business because JAL controls about 24% of the company. This expectation has led to a rise in the small-cap counter over the past two days.
As of 10.30 am, almost 1.34 crore JP Power shares had been traded on the BSE, compared to the two-week average of 1.75 crore shares.
Why are shares of JP Power declining?
"The 8% decline in JP Power appears to be the market regaining its breath rather than a structural reversal. The stock has risen significantly in recent weeks, and profit-taking becomes nearly automatic when a counter moves ahead of its fundamentals.
As of 10.30 am, almost 1.34 crore JP Power shares had been traded on the BSE, compared to the two-week average of 1.75 crore shares.
Why are shares of JP Power declining?
"The 8% decline in JP Power appears to be the market regaining its breath rather than a structural reversal. The stock has risen significantly in recent weeks, and profit-taking becomes nearly automatic when a counter moves ahead of its fundamentals.
He thinks that rather than long-term investors doubting the company, today's action indicates that traders are winding down momentum holdings. Additionally, there has been a change in the narrative; he said that the marginal buyer has retreated since the speculative excitement that had driven the stock higher has normalized.
In that regard, the correction made today is beneficial. "This volatility will simply be remembered as routine consolidation after an overextended rally if the company delivers on operational improvements," Dasani continued.
JP Power Q2 Outcomes
Compared to ₹182.66 crore during the same period last year, JP Power reported a flat profit rise for the second quarter at ₹182.10 crore.
From July to September of 2024–2025, total income increased from ₹1,305.19 crore to ₹1,478.49 crore. Additionally, expenses went from ₹1,070.76 crore to ₹1,186.48 crore.
In that regard, the correction made today is beneficial. "This volatility will simply be remembered as routine consolidation after an overextended rally if the company delivers on operational improvements," Dasani continued.
JP Power Q2 Outcomes
Compared to ₹182.66 crore during the same period last year, JP Power reported a flat profit rise for the second quarter at ₹182.10 crore.
From July to September of 2024–2025, total income increased from ₹1,305.19 crore to ₹1,478.49 crore. Additionally, expenses went from ₹1,070.76 crore to ₹1,186.48 crore.
Investors have received 24% returns in a year and 36% in six months from the small-cap stock. According to data on the BSE, it has become a multibagger stock, rising by 710% in just five years.
Around 11.05 am, the price of JP Power shares was trading on the BSE at ₹20.28, down 6.24%.
Around 11.05 am, the price of JP Power shares was trading on the BSE at ₹20.28, down 6.24%.
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